plan 836 lic new plan ghasiram kharsel

JEEVAN LABH

Plan No.836

Ghasiram Kharsel LIC Agent, Branch-1, Sambalpur M-9178953436

Endowment Plan

Limited Premium Paying Term

Non-Linked

With Bonus & FABGhasiram Kharsel LIC Agent, Branch-1,

Sambalpur M-9178953436

Only 3 Policy Terms Options

Option -Term - Premium Paying Term1. 16yrs – 10yrs2. 21yrs – 15yrs

3. 25yrs – 16yrs


Eligibility: Age at Entry

Minimum : 8yrs completed

Maximum: 59yrs Nbd for Policy Term 16yrs

54yrs Nbd for Policy Term 21yrs

50yrs Nbd for Policy Term 25yrs


Sum Assured: (in multiples of 10,000)

Minimum : Rs.2,00,000/-

Maximum: No Limit


Maturity Benefits:

Basic Sum Assured + Bonus+ F A B


Death Benefits:

Sum Assured on Death+ Bonus+ FAB


Sum Assured on Death=

Higher of

1. 10 times of Annualised Premium 2. Basic Sum Assured3. 105% of Total Premiums paid


Accidental Death & Disability Benefit Rider

Optional – Additional PremiumAvailable from 18yrs of AgeCover Available up to Policy Term Or Age 70 Nbd, Which Ever is EarlierCan be Added at Any Time (O/S PPT 5yrs)Maximum AB Cover 100 Lakhs


New Term Assurance Rider

Optional – Additional PremiumAvailable from 18yrs of AgeCover Available up to Policy Term Can be Added at Proposal Stage OnlyMaximum TR Cover 25 Lakhs


Mode of Premium Payment

Yearly – 2% RebateHalf Yearly – 1% RebateQuarterly - Nil Monthly - Nil (ECS/SSS)


High Sum Assured Rebate

2,00,000 to 4,90,000 – Nil5,00,000 to 9,90,000 – 1.25%10,00,000 to 14,90,00 – 1.50%15,00,000 and Above - 1.75%

per Rs.1000 B.S.A


Other Features:Proposal Form 300/340/360Service TaxGrace Period (30/15 days)Paid Up ValueSurrender Value (GSV/SSV)Revival within 2yrs from FUPLoan After 3yrsSuicide within 12 months 80% premiumsFree Look Period 15days from OP ReceiptDating Back within Financial Year (JAAM)


Premium Calculation:

For Age 8yrs, 836/16/10, SA 2 Lakh, Yearly (No AB)

Tab Premium – 84.802% Rebate - 1.696

83.104x 200 - 16620.80+ 3.625% ST – 602.504

= 17223.304

Yearly Premium Rs.17223/-

Example

1


Maturity Benefit:

Basic Sum Assured: 2,00,000Bonus 42x200x16 : 1,34,400FAB 25x200 : 5,000Total Maturity : 3,39,400


Total Premium Paid in 10yrs

17223 x 10 = 172230

Total Maturity After 16yrs

= 3,39,400

I.R.R = 5.95%



For Age 30yrs, 836/21/15, SA 2 Lakhs, Yearly


= 53.851x 200 - 10770.20+ [email protected] – 250

= 11020.20ST @ 3.625% - 399.482

= 11419.68


Example

2


Maturity Benefit:

Basic Sum Assured : 2,00,000Bonus 48x200x21 : 2,01,600FAB 100x200 : 20,000 Total Maturity : 4,21,600



11420 x 15 = 1,71,300


= 4,21,600

I.R.R = 6.38%



For Age 30yrs, 836/25/16, SA 2 Lakhs, Yearly


45.668x 200 - 9133.60+ AB @1.30x200 – 260

= 9393.60+ ST @ 3.625% - 340.518

= 9734.118


Example

3


Maturity Benefit:

Basic Sum Assured : 2,00,000Bonus 48x200x25 : 2,40,000FAB 450x100 : 90,000 Total Maturity : 5,30,000



9734 x 16 = 1,55,744


= 5,30,000

I.R.R = 6.96%


Unique Selling Points:Suitable for Education and MarriageShort Term CommitmentLong Term Risk Cover80C Tax Benefit (up to Rs.1.50 Lakhs)Tax Free MaturityAccident & Disability Cover up to 1 CroreNo Market Risk


IRR
